Crypto can help poor nations a lot - page 5.

Pokapoka124

hero member

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El Salvador are very bullish on Bitcoin and made it a legal tender. Has their Bitcoin investment made the country rich overnight? In order to reduce the poverty rate of a country, the economy needs to be strengthened and diversified to meet the growing demand of the population. Most third world countries are poor not because they lack natural resources but because of bad and corrupt leaders.

Cryptocurrency is not going to end world poverty. Even Bitcoin has its limits. Bitcoin is a currency and currencies do not reduce poverty. Bitcoin is also an asset, and you need money to purchase it and hodl as an investment. There are opportunities for holders to make profit from the market and improve their financial status. Trading is not the only way to profit from bitcoin, there are you can do any of the following;

Become a P2P trader by just buying and selling cryptocurrencies on P2P platforms.
You can become an educator, this is also one sector to leverage on, You can teach people and get paid. You can start a blog or a channel on YouTube and teach people how to navigate the blockchain and other crypto related matters.
You can become a product developer, designer, coder( building smart contracts), website designer e.t.c. and charge for your services in Bitcoin.

The opportunities are limitless you just have to find your niche and work hard at it.

serjent05

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Merit: 1258

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Crypto can be a tool to help poor nations but the ones who can support its nation's economy is it's their leaders and citizens implementing different programs that can assist in the economic growth of the country and the citizens participating in it.

If the government takes advantage of the new features blockchain technology brings, it can help prevent corruption and other criminal activities that affect the nation's growth. For the cryptocurrency to be an aid, the government must first adopt it, enabling the technology to prosper in their jurisdiction. This will attract different investors to set up crypto-related infrastructure, giving way to job demands, more taxes, and new products and services that can help generate income for the government and its citizens.

passwordnow

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Leading Crypto Sports Betting & Casino Platform

Although that it's a fact that it can't help to remove poverty in all of the poor nations, the people that are engaged with it are having more opportunities. Just like in projects that generates new jobs and as total new economy. That's how it goes in general although many opportunities are in different forms. Many don't like the idea that there are full time airdrop people but to be honest, I've seen a lot of them in the past and even until now and fortunately, they're able to survive with the little that they have.

Success rate there is quite small and that's why they shouldn't just stick to it but to find more and better opportunities once they're able to make money from it. So, in general, this is about having a new form of source of income from those nations and that's helping each individual to have a better personal economy and uplift their lives through earning crypto in various ways.

Orpichukwu

sr. member

Activity: 574

Merit: 359

One thing you need to know is that crypto doesn't perform any magic. If the country is poor, the first thing that should be done is for the government and its citizens to help them upgrade to a certain level where they can help themselves.

If you are living in a poor country, how can you afford to buy the crypto that you think can be used to come to the person's aid? Crypto is not always the solution to everything. No doubt it can work for some when they spend a few pennies picking a few shitcoins. Luck can be on their side, and it will be a life-changing story, but it's not always like that.

Crypto doesn't eradicate poverty; sometimes it can even make you poor if you lack the proper knowledge, but if you have it and also have the right resources, you can also make a fortune out of it.

Manila Tanaka

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Let's discuss crypto today and how it could help poorer countries enormously.
We all know about crypto, how it is still very new and it is very advanced by technology, but also requires a technical infrastructure which is not available in all poor countries.

It is important to have expansion of infrastructure, and when it happens, crypto is also becoming more famous in more and more poor countries.
Because crypto is global and if the standard of living in New York is very high and an apartment there is very expensive, you can get little value from it despite many cryptos. The situation is quite different in poorer countries, where it is very easy to achieve a lot with little money and therefore It's a globally averaged standard where crypto helps poorer countries disproportionately. This is really good and therefore you should promote crypto.

It can help to address inequality and improve living standards in poor countries, being of benefit to everyone.

Let’s discuss today about Crypto and how it can extremely help poor nations.

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